RIO DE JANEIRO, BRAZIL - For this year and the next, the fund projects growth of 5.5% and 4.2% in the global economy; and 3.5% and 2.6% in Brazil.
The International Monetary Fund (IMF) on Tuesday revised its projections for the global economy. Updating its World Economic Outlook report, the fund estimates that the global economy dropped 3.5% in 2020 - an improvement over the October projection, which projected a 4.4% decline.
There was also a new improvement in the projections for Brazil: the IMF now expects a 4.5% drop in Brazil's GDP last . . .